EUR/CAD – 30M – BUY

The pair Euro/Canadian Dollar (EUR/CAD) breaks through the bearish trendline upwards

A bullish trend upwards to the next resistance line at 1.61549 will continue.

Caution: A possible reversal of the trend in the direction of the support level at 1.61167 could happen.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is found. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bullish chart signal. The pair is likely to go up.

In addition a ‘MACD Hidden Bullish Divergence’ indicator layout is found. The indicator is ‘MACD Hidden Bullish Divergence’. which is often a bullish chart signal. The currency pair is likely to rise.

In addition a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. this is usually a bullish chart signal. The currency pair could go up.

In addition a ‘Three White Soldiers’ candlestick chart pattern is discovered. The chart shows ‘Three White Soldiers’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ heading up is 82%.

1.61549 – 1.61396 – 1.61324 – 1.61167 – 1.6118 – 1.61077 —
1.61348 – 1.61334 —
51.140662224328 – 52.030502529423 —
– —
1.61549 – 1770224400

Trading Signals: FOREX – EUR – EUR/CAD – CAD – Three White Soldiers – Double bottom chart pattern – – – – – – – –